16 November 2007 15:24 [Source: ICIS news]
LONDON (ICSI news)--Schering-Plough on Friday received clearance from the US Federal Trade Commission (FTC) to acquire Organon BioSciences on the condition it divests three poultry vaccines in the US, the FTC said.?xml:namespace>
“The FTC’s action today maintains competition for three important poultry vaccines and ensures that consumers will continue to benefit from lower prices and better products,” said director of the FTC’s Bureau of Competition Jeffrey Schmidt.
The two parties continued to expect the deal to be completed by the end of 2007, Akzo Nobel said in a statement.
($1 = €0.68)
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